Volkswagen's supervisory board approved this Thursday, unanimously, the comprehensive transformation plan "Future Plan 2030", presented by the company's executive team. The plan foresees the cutting of approximately 50,000 positions in the group, including management roles, as an additional adjustment in global workforce levels.
The company did not provide details on the timeline for the reduction or how the cuts will be distributed among its brands and regions. The plan also includes a 50% reduction in the car range by 2035 and the closure of four factories in Germany.
Volkswagen pointed to growing global competitive pressure, changes in demand patterns, and technological transformations in the automotive industry as reasons for the measures. The goal is to make the group and its brands more efficient, more competitive, and better positioned for the future.
The "Future Plan 2030" is based on three pillars: optimization of production costs and structure, portfolio redefinition with a focus on segments with higher operating margins, and strengthening synergies between the group's brands, including Volkswagen, Audi, Porsche, Škoda, and Cupra.
